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In 2020, the Social Security Trust Fund received far less in revenues than expected, due to three reasons:.With about 1 million supporters, The Senior Citizens League is one of the nation's largest nonpartisan seniors groups. Located just outside Washington, D.C., its mission is to promote and assist members and supporters, to educate and alert senior citizens about their rights and freedoms as U.S. Citizens, and to protect and defend the benefits senior citizens have earned and paid for. The Senior Citizens League is a proud affiliate of TREA The Enlisted Association. Please visit or call for more information..This occurred all over the U.S. at the very same time that food prices exploded. On December 21, 2020 the Louisiana Department of Children and Family Services, for example, announced that as of January of this year, 75,079 SNAP households would see an average reduction of in monthly benefits due primarily to the COLA. Another 118 SNAP cases would close, as increased income pushes those households over the eligibility limit..I have proudly introduced this important legislation every single Congress since coming to the House of Representatives in 201Despite having over 100 bipartisan cosponsors each Congress, the bill has unfortunately received little attention from House leadership. In September 2018, myself and my colleague, Rep. Garret Graves offered this bill as an amendment to the Family Savings Act, which was part of Rep. Kevin Brady's "Tax 2.0" package. Unfortunately, the amendment was ultimately defeated, but highlighting this important issue. It continues to be my priority..This week, action on Capitol Hill slowed down as the House of Representatives adjourned for a holiday recess, and the Senate focused on legislation to reauthorize programs within the FDA. Meanwhile, TSCL expressed support for a new House resolution, introduced by Rep. Scott Rigell..The proposal would potentially help those enrolled in Medicare Part D and Medicare Advantage plans, particularly in cases where a drug is not covered by the individual's plan or, as a less-expensive alternative, when the cost of importing a drug is lower than the co-pay for purchasing the medication with Part D plan coverage. Proponents of importation point out that, over the long-term, increased competition from imported drugs could pressure drug companies to reduce their prices in the U.S. and thus help reduce costs for other drugs you may take..TSCL Endorses New Legislation.House leaders and a bipartisan group of 40 senators recently sent a letters to President Obama, and Medicare's Administrator, Marilyn Tavenner, expressing serious concerns about the impact of Obamacare cuts. "These cuts, in addition to proposed rules issued by CMS, will force millions of American seniors to face higher health care costs or lose access to their doctor, health plan, lifesaving drugs, and the benefits they've come to rely on," House leaders wrote. The Senate letter stated, "We urge you to maintain payment levels that will allow MA beneficiaries to be protected from disruptive changes in 2015.".The current Social Security system is like "longevity" insurance. Workers pay into the system through payroll tax withholdings up to the taxable limit on earnings. In return, retirees, and dependents on their account, receive monthly income when they claim benefits. According to projections by Johnson, an age - 66 retiree, who claims benefits in 2017 with an average benefit of ,300 a month, can expect to receive roughly 0,000 over the course of a 25- year retirement, assuming a 2.2 percent annual cost-of-living adjustment.